CLEVELAND—Cleveland-based Stark Enterprises has just selected the Olympia Cos. to develop and manage a Hyatt Place hotel for its Crocker Park development in suburban Westlake. Crocker Park features townhomes, apartments, retail, restaurants, leisure, and commercial office buildings. Olympia officials say Hyatt Place Crocker Park will be similar to Hyatt Place Chicago-South/University Medical Center in Chicago's Hyde Park neighborhood, another project the company developed and manages.
"We chose the Olympia Cos. because they are a standout leader in the hotel industry," says Robert Stark, president and chief executive officer of Stark Enterprises. "Their hotels are not just aesthetically superior but are also community assets that are famous for providing an exceptionally high level of guest experience and service."
Olympia Development, a division of the Portland, ME-based Olympia Cos., will work with Stark throughout the design and construction phases and spearhead the design review process with Hyatt Hotels. Olympia Hotel Management will manage the hotel.
"Hyatt Place Chicago-South/University Medical Center has been very well received and will serve as a valuable template for what we're doing in Crocker Park," says Kevin Mahaney, president and chief executive officer of the Olympia Cos.
Hyatt Place Crocker Park is 13 miles from Cleveland Hopkins International Airport and less than 20 miles from downtown Cleveland. Stark expects the hotel will open in the 4th quarter of 2015.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
